Middleby (MIDD) Financials

$148.09 0.00 (0.00%)

Closing price 05/22/2026 04:00 PM Eastern

Extended Trading

$148.08 -0.01 (-0.01%)

As of 05/22/2026 05:37 PM Eastern

Annual Income Statements for Middleby

This table shows Middleby's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024	1/3/2026
Net Income / (Loss) Attributable to Common Shareholders	192	284	298	317	352	207	488	437	401	428	-278
Consolidated Net Income / (Loss)	192	284	298	317	352	207	488	437	401	428	-278
Net Income / (Loss) Continuing Operations	192	284	298	317	352	207	488	437	413	421	367
Total Pre-Tax Income	281	421	384	424	463	268	620	564	536	566	482
Total Operating Income	303	419	379	446	514	324	630	640	652	644	575
Total Gross Profit	707	901	913	1,004	1,103	882	1,195	1,447	1,284	1,252	1,252
Total Revenue	1,827	2,268	2,336	2,723	2,959	2,513	3,251	4,033	3,242	3,150	3,201
Operating Revenue	1,827	2,268	2,336	2,723	2,959	2,513	3,251	4,033	3,242	3,150	3,201
Total Cost of Revenue	1,120	1,367	1,423	1,719	1,856	1,631	2,056	2,586	1,958	1,898	1,949
Operating Cost of Revenue	1,120	1,367	1,423	1,719	1,856	1,631	2,056	2,586	1,958	1,898	1,949
Total Operating Expenses	404	482	534	558	589	558	565	807	632	608	677
Selling, General & Admin Expense	375	472	468	539	594	532	668	797	625	590	663
Impairment Charge	0.00	0.00	58	0.00	0.00	15	0.00	0.00	1.99	10	11
Restructuring Charge	29	11	20	19	10	12	7.66	9.72	4.73	8.25	3.27
Other Special Charges / (Income)	0.00	0.00	-12	0.00	-15	-1.98	-111	0.00	0.00	-1.14	0.00
Total Other Income / (Expense), net	-21	2.29	4.92	-22	-51	-56	-10	-75	-116	-78	-93
Interest Expense	17	24	26	59	53	79	57	89	121	93	94
Other Income / (Expense), net	-4.47	26	31	36	1.46	22	47	14	4.78	15	1.21
Income Tax Expense	90	137	85	106	110	61	131	128	123	145	115
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	-	-12	7.46	-645
Basic Earnings per Share	$3.36	$4.98	$5.26	$5.71	$6.33	$3.76	$8.85	$8.07	$7.48	$7.97	($5.38)
Weighted Average Basic Shares Outstanding	56.95M	57.03M	56.72M	55.58M	55.65M	55.09M	55.22M	54.10M	53.58M	53.74M	51.66M
Diluted Earnings per Share	$3.36	$4.98	$5.26	$5.70	$6.33	$3.76	$8.62	$7.95	$7.41	$7.90	($5.32)
Weighted Average Diluted Shares Outstanding	56.97M	57.09M	56.72M	55.60M	55.66M	55.14M	56.67M	54.95M	54.09M	54.21M	52.18M
Weighted Average Basic & Diluted Shares Outstanding	57M	57.10M	56.70M	56.30M	56.19M	55.64M	54.66M	53.61M	53.60M	53.62M	47.18M

This table shows Middleby's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	1/3/2026	4/4/2026
Net Income / (Loss) Attributable to Common Shareholders	109	76	87	115	114	112	92	106	-513	37	-50
Consolidated Net Income / (Loss)	109	76	87	115	114	112	92	106	-513	37	-50
Net Income / (Loss) Continuing Operations	109	76	87	115	114	112	85	106	-513	682	85
Total Pre-Tax Income	144	87	115	155	155	153	111	133	-579	807	113
Total Operating Income	174	115	137	176	173	170	130	155	-554	833	133
Total Gross Profit	375	387	346	380	355	389	293	371	361	173	323
Total Revenue	981	1,009	927	992	943	1,014	731	978	982	335	840
Operating Revenue	981	1,009	927	992	943	1,014	731	978	982	335	840
Total Cost of Revenue	605	622	581	612	587	625	438	607	621	161	517
Operating Cost of Revenue	605	622	581	612	587	625	438	607	621	161	517
Total Operating Expenses	201	272	209	204	182	219	163	216	916	-660	190
Selling, General & Admin Expense	196	192	206	199	179	178	162	214	204	43	188
Restructuring Charge	4.45	2.44	3.18	5.35	2.52	3.14	1.25	2.29	2.82	-4.57	1.54
Total Other Income / (Expense), net	-30	-28	-22	-21	-19	-17	-18	-22	-25	-26	-20
Interest Expense	31	28	26	25	21	20	19	20	25	30	25
Other Income / (Expense), net	1.03	0.57	3.98	3.63	2.64	3.11	0.56	-2.55	0.44	4.10	5.05
Income Tax Expense	36	11	28	39	41	41	26	27	-66	125	28
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	7.29	-	-	-	-135
Basic Earnings per Share	$2.03	$1.42	$1.61	$2.15	$2.12	$2.09	$1.72	$2.01	($10.15)	$1.04	($1.06)
Weighted Average Basic Shares Outstanding	53.59M	53.58M	53.65M	53.77M	53.77M	53.74M	53.59M	52.62M	50.52M	51.66M	47.23M
Diluted Earnings per Share	$2.01	$1.42	$1.59	$2.13	$2.11	$2.07	$1.69	$1.99	($10.15)	$1.15	($1.06)
Weighted Average Diluted Shares Outstanding	54.16M	54.09M	54.39M	54.07M	54.04M	54.21M	54.62M	53.15M	50.52M	52.18M	47.24M
Weighted Average Basic & Diluted Shares Outstanding	53.60M	53.60M	53.77M	53.77M	53.79M	53.62M	53.48M	50.68M	50.37M	47.18M	45.21M

This table details how cash moves in and out of Middleby's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024	1/3/2026
Net Change in Cash & Equivalents	12	13	21	-18	23	166	-83	-8.14	82	442	-445
Net Cash From Operating Activities	250	294	304	369	377	525	423	333	629	687	630
Net Cash From Continuing Operating Activities	250	294	304	369	377	525	423	333	509	615	565
Net Income / (Loss) Continuing Operations	192	284	298	317	352	207	488	437	413	421	367
Consolidated Net Income / (Loss)	192	284	298	317	352	207	488	437	401	428	-278
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	-	-12	7.46	-645
Depreciation Expense	54	58	70	97	103	111	125	138	110	104	105
Non-Cash Adjustments To Reconcile Net Income	16	28	24	-29	-21	7.64	-13	3.56	40	25	94
Changes in Operating Assets and Liabilities, net	-12	-76	-87	-16	-58	191	-177	-246	-54	62	4.23
Net Cash From Discontinued Operating Activities	-	-	-	-	-	-	-	-	120	72	66
Net Cash From Investing Activities	-371	-236	-345	-1,239	-328	-107	-1,009	-348	-156	-159	-127
Net Cash From Continuing Investing Activities	-371	-236	-345	-1,239	-328	-107	-1,009	-348	-99	-146	-104
Purchase of Property, Plant & Equipment	-22	-25	-54	-36	-47	-35	-47	-67	-59	-37	-71
Acquisitions	-349	-211	-305	-1,203	-281	-86	-969	-281	-40	-112	-33
Sale of Property, Plant & Equipment	0.00	0.00	14	0.00	0.00	14	6.29	0.00	0.00	2.51	0.00
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-	-	-	-57	-13	-23
Net Cash From Financing Activities	137	-41	56	856	-25	-252	503	7.63	-391	-74	-971
Net Cash From Continuing Financing Activities	137	-41	56	856	-25	-252	503	7.63	-391	-74	-971
Repayment of Debt	-6.32	-468	-463	-755	-563	-3,355	-1,147	-1,580	-949	-35	-1,357
Repurchase of Common Equity	-4.84	-4.42	-240	0.00	-6.14	-86	-29	-265	-75	-35	-724
Issuance of Debt	146	433	759	1,611	543	3,297	1,739	1,870	640	0.00	1,130
Other Financing Activities, net	2.41	-1.30	-	0.00	-	-108	-60	-18	-7.70	-3.88	-20
Effect of Exchange Rate Changes	-3.78	-4.05	6.34	-3.57	-1.51	-	-	-	-	-	23

This table details how cash moves in and out of Middleby's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	1/3/2026	4/4/2026
Net Change in Cash & Equivalents	15	74	94	118	145	97	56	-249	-315	69	-67
Net Cash From Operating Activities	219	256	141	150	157	240	141	122	176	191	66
Net Cash From Continuing Operating Activities	219	256	141	150	157	240	137	122	181	120	88
Net Income / (Loss) Continuing Operations	109	76	87	115	114	112	85	106	-513	682	85
Consolidated Net Income / (Loss)	109	76	87	115	114	112	92	106	-513	37	-50
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	7.29	-	-	-	-135
Depreciation Expense	33	34	32	32	31	32	26	32	33	8.14	25
Non-Cash Adjustments To Reconcile Net Income	6.10	94	11	3.93	4.79	40	0.80	4.49	712	-624	8.28
Changes in Operating Assets and Liabilities, net	71	52	11	-1.45	6.93	55	25	-21	-51	60	-31
Net Cash From Discontinued Operating Activities	-	-	-	-	-	-	3.85	-	-	-	-22
Net Cash From Investing Activities	-54	-17	-16	-14	-14	-115	-35	-24	-51	-16	555
Net Cash From Continuing Investing Activities	-54	-17	-16	-14	-14	-115	-28	-24	-51	6.74	557
Purchase of Property, Plant & Equipment	-21	-16	-14	-11	-11	-13	-26	-21	-20	4.19	-7.94
Acquisitions	-33	-0.98	-2.35	-3.29	-2.19	-104	-1.11	-3.50	-31	2.55	-0.11
Divestitures	-	-	-	-	-	-	0.00	-	-	-	565
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-	-7.27	-	-	-	-1.58
Net Cash From Financing Activities	-151	-165	-29	-14	-3.11	-28	-57	-346	-463	-105	-685
Net Cash From Continuing Financing Activities	-151	-165	-29	-14	-3.11	-28	-57	-346	-463	-105	-685
Repayment of Debt	-325	-237	-12	-12	-0.55	-12	-11	-11	-431	-903	-729
Repurchase of Common Equity	-	-0.02	-17	-0.98	-0.29	-16	-43	-323	-149	-209	-375
Issuance of Debt	175	75	0.00	-	-	-	0.00	-	121	1,009	430
Other Financing Activities, net	-1.02	-3.62	0.00	-1.60	-2.28	-	-2.89	-12	-4.00	-1.04	-11

This table presents Middleby's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024	1/3/2026
Total Assets	2,761	2,917	3,340	4,550	5,002	5,202	6,384	6,875	6,907	7,283	6,315
Total Current Assets	795	812	932	1,062	1,209	1,270	1,707	2,006	1,966	2,330	2,743
Cash & Equivalents	56	68	90	72	95	268	180	162	247	639	222
Accounts Receivable	283	326	328	399	448	363	577	631	645	532	573
Inventories, net	354	368	425	522	586	540	837	1,078	936	656	693
Prepaid Expenses	40	43	55	51	61	81	92	126	113	115	111
Current Deferred & Refundable Income Taxes	63	6.40	34	18	20	18	20	9.49	25	24	41
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	-	365	1,102
Plant, Property, & Equipment, net	200	222	282	315	352	344	381	444	511	385	432
Total Noncurrent Assets	1,778	1,884	2,126	3,174	3,441	3,587	4,296	4,425	4,430	4,568	3,141
Long-Term Investments	-	-	-	-	-	-	-	-	-	-	0.00
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	-	-	0.00
Goodwill	983	1,093	1,265	1,743	1,850	1,934	2,243	2,412	2,486	1,744	1,800
Intangible Assets	749	696	780	1,361	1,443	1,450	1,875	1,794	1,693	1,100	1,061
Noncurrent Deferred & Refundable Income Taxes	23	52	45	32	37	76	33	6.74	7.95	6.28	8.21
Employee Benefit Assets	-	-	-	-	-	-	-	0.00	39	90	106
Other Noncurrent Operating Assets	22	43	36	37	111	127	143	213	204	147	165
Total Liabilities & Shareholders' Equity	2,761	2,917	3,340	4,550	5,002	5,202	6,384	6,875	6,907	7,283	6,315
Total Liabilities	1,594	1,652	1,979	2,885	3,055	3,226	3,889	4,077	3,657	3,645	3,539
Total Current Liabilities	510	488	474	559	593	700	915	988	851	829	1,068
Short-Term Debt	32	5.88	5.15	3.21	2.89	23	27	46	45	44	44
Accounts Payable	158	147	146	188	174	183	305	271	227	166	207
Accrued Expenses	320	336	322	367	417	495	583	671	579	494	575
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	126	242
Total Noncurrent Liabilities	1,084	1,163	1,505	2,326	2,462	2,526	2,974	3,089	2,806	2,815	2,471
Long-Term Debt	734	726	1,024	1,889	1,870	1,707	2,387	2,677	2,380	2,351	2,129
Noncurrent Deferred & Payable Income Tax Liabilities	113	78	88	114	134	147	187	220	216	151	157
Noncurrent Employee Benefit Liabilities	207	323	335	253	289	470	220	15	12	9.57	7.63
Other Noncurrent Operating Liabilities	30	36	59	70	169	202	181	177	197	171	178
Total Equity & Noncontrolling Interests	1,167	1,265	1,361	1,665	1,947	1,977	2,494	2,798	3,250	3,638	2,776
Total Preferred & Common Equity	1,167	1,265	1,361	1,665	1,947	1,977	2,494	2,798	3,250	3,638	2,776
Preferred Stock	-	-	-	-	-	-	-	-	-	0.00	0.00
Total Common Equity	1,167	1,265	1,361	1,665	1,947	1,977	2,494	2,798	3,250	3,638	2,776
Common Stock	329	355	375	378	388	433	357	409	479	520	603
Retained Earnings	1,115	1,399	1,698	2,009	2,361	2,569	3,062	3,499	3,900	4,328	4,050
Treasury Stock	-201	-205	-445	-445	-451	-537	-566	-831	-906	-941	-1,735
Accumulated Other Comprehensive Income / (Loss)	-76	-284	-266	-276	-351	-488	-359	-278	-223	-269	-142

This table presents Middleby's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	10/1/2022	4/1/2023	7/1/2023	9/30/2023	3/30/2024	6/29/2024	9/28/2024	3/29/2025	6/28/2025	9/27/2025	4/4/2026
Total Assets	6,672	6,956	6,985	6,923	6,930	7,026	7,201	7,401	7,336	6,355	5,422
Total Current Assets	1,951	2,061	2,036	1,961	2,022	2,143	2,292	2,414	2,260	1,969	1,648
Cash & Equivalents	145	157	157	167	341	459	606	745	511	175	177
Accounts Receivable	594	653	643	633	605	625	615	646	666	674	608
Inventories, net	1,063	1,116	1,083	1,015	944	920	906	878	889	920	728
Prepaid Expenses	121	124	132	131	116	126	134	131	134	139	98
Current Deferred & Refundable Income Taxes	28	11	21	14	16	14	30	14	59	62	26
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	-	-	11
Plant, Property, & Equipment, net	424	462	483	499	508	505	511	551	570	578	425
Total Noncurrent Assets	4,297	4,434	4,465	4,463	4,400	4,378	4,399	4,437	4,506	3,807	3,349
Long-Term Investments	-	-	-	-	-	-	-	-	-	-	155
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	-	-	84
Goodwill	2,287	2,429	2,452	2,452	2,473	2,472	2,507	2,543	2,592	2,025	1,794
Intangible Assets	1,782	1,791	1,791	1,776	1,669	1,651	1,651	1,606	1,614	1,470	1,045
Noncurrent Deferred & Refundable Income Taxes	22	7.04	8.28	8.88	8.03	6.81	6.92	6.42	6.77	6.89	7.39
Employee Benefit Assets	-	-	-	-	43	47	55	96	105	104	108
Other Noncurrent Operating Assets	206	207	215	226	207	201	179	184	188	201	155
Total Liabilities & Shareholders' Equity	6,672	6,956	6,985	6,923	6,930	7,026	7,201	7,401	7,336	6,355	5,422
Total Liabilities	4,173	4,094	3,985	3,827	3,619	3,604	3,608	3,671	3,713	3,417	3,047
Total Current Liabilities	938	990	878	864	841	857	815	886	881	952	839
Short-Term Debt	45	44	44	44	45	44	44	44	44	42	44
Accounts Payable	261	282	233	224	233	239	215	231	236	258	215
Accrued Expenses	632	664	601	596	563	574	556	611	601	651	571
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	-	8.20
Total Noncurrent Liabilities	3,236	3,104	3,107	2,963	2,778	2,747	2,793	2,786	2,833	2,465	2,208
Long-Term Debt	2,693	2,688	2,688	2,536	2,370	2,360	2,361	2,341	2,332	2,025	1,830
Noncurrent Deferred & Payable Income Tax Liabilities	220	218	216	214	208	194	241	248	303	230	195
Noncurrent Employee Benefit Liabilities	154	12	8.48	5.42	12	12	12	9.38	9.19	9.04	7.47
Other Noncurrent Operating Liabilities	168	185	195	208	188	182	179	187	188	202	176
Total Equity & Noncontrolling Interests	2,499	2,862	3,000	3,095	3,311	3,422	3,593	3,730	3,623	2,938	2,375
Total Preferred & Common Equity	2,499	2,862	3,000	3,095	3,311	3,422	3,593	3,730	3,623	2,938	2,375
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,499	2,862	3,000	3,095	3,311	3,422	3,593	3,730	3,623	2,938	2,375
Common Stock	393	426	444	464	493	501	510	523	529	597	611
Retained Earnings	3,366	3,598	3,715	3,823	3,986	4,102	4,216	4,421	4,526	4,014	4,000
Treasury Stock	-806	-899	-906	-906	-923	-924	-924	-983	-1,310	-1,523	-2,110
Accumulated Other Comprehensive Income / (Loss)	-454	-263	-254	-286	-245	-257	-208	-230	-123	-149	-127

This table displays calculated financial ratios and metrics derived from Middleby's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024	1/3/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	50,371,250.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	50,371,250.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-5.51
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	206	283	294	334	391	251	497	495	490	487	438
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	8.96%	8.63%	8.07%	8.85%
Earnings before Interest and Taxes (EBIT)	298	445	410	482	516	347	677	653	640	670	576
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	352	503	479	579	619	465	802	791	772	797	681
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-119	243	-77	-851	152	538	-793	-135	421	571	378
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,889	1,929	2,300	3,486	3,725	3,438	4,728	5,358	5,428	5,344	3,867
Increase / (Decrease) in Invested Capital	325	40	371	1,185	240	-287	1,290	630	70	-84	59
Book Value per Share	$20.36	$21.99	$24.34	$29.82	$34.68	$35.54	$44.84	$51.92	$60.63	$67.64	$55.12
Tangible Book Value per Share	($9.87)	($9.10)	($12.23)	($25.77)	($23.98)	($25.32)	($29.21)	($26.14)	($17.34)	($9.12)	($1.68)
Total Capital	1,933	1,997	2,390	3,557	3,820	3,706	4,909	5,520	5,675	6,033	4,949
Total Debt	766	732	1,029	1,892	1,873	1,730	2,414	2,722	2,425	2,395	2,173
Total Long-Term Debt	734	726	1,024	1,889	1,870	1,707	2,387	2,677	2,380	2,351	2,129
Net Debt	711	664	939	1,820	1,779	1,461	2,234	2,560	2,178	1,706	1,951
Capital Expenditures (CapEx)	22	25	40	36	47	21	40	67	85	47	71
Debt-free, Cash-free Net Working Capital (DFCFNWC)	262	261	374	434	524	325	639	901	912	855	1,497
Debt-free Net Working Capital (DFNWC)	317	329	463	506	619	593	819	1,063	1,160	1,545	1,719
Net Working Capital (NWC)	285	323	458	503	616	570	792	1,018	1,115	1,501	1,674
Net Nonoperating Expense (NNE)	15	-1.54	-3.82	17	39	44	8.27	58	89	59	716
Net Nonoperating Obligations (NNO)	722	664	939	1,820	1,779	1,461	2,234	2,560	2,178	1,706	1,091
Total Depreciation and Amortization (D&A)	54	58	70	97	103	119	125	138	133	127	105
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.36	$4.98	$0.00	$5.71	$6.33	$3.76	$8.85	$8.07	$7.48	$7.97	($5.38)
Adjusted Weighted Average Basic Shares Outstanding	56.95M	57.03M	56.72M	55.58M	55.65M	55.09M	55.22M	54.10M	53.58M	53.74M	51.66M
Adjusted Diluted Earnings per Share	$3.36	$4.98	$5.26	$5.70	$6.33	$3.76	$8.62	$7.95	$7.41	$7.90	($5.32)
Adjusted Weighted Average Diluted Shares Outstanding	56.97M	57.09M	56.72M	55.60M	55.66M	55.14M	56.67M	54.95M	54.09M	54.21M	52.18M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	57.31M	57.54M	55.73M	55.70M	56.19M	55.64M	54.66M	53.61M	53.60M	53.62M	47.18M
Normalized Net Operating Profit after Tax (NOPAT)	226	290	346	348	388	271	415	502	561	525	448
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Middleby's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	1/3/2026	4/4/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	50,371,250.00	47,181,017.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	50,371,250.00	47,181,017.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.73	-1.06
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.23%	-2.24%	-7.99%	-4.66%	-3.86%	0.53%	-2.19%	-1.38%	4.17%	-	14.96%
EBITDA Growth	7.46%	-32.16%	-11.62%	-3.44%	-0.91%	38.05%	-0.90%	-12.30%	-351.85%	-	4.76%
EBIT Growth	7.57%	-38.76%	-12.56%	-4.44%	0.34%	50.18%	-0.91%	-14.78%	-414.53%	-	6.40%
NOPAT Growth	8.15%	-35.06%	-14.53%	-5.26%	-2.47%	23.94%	3.42%	-5.50%	-403.07%	-	1.70%
Net Income Growth	4.10%	-42.72%	-12.64%	-1.25%	5.08%	47.20%	6.68%	-8.18%	-549.33%	-	-154.22%
EPS Growth	4.69%	-41.80%	-12.64%	-1.39%	4.98%	45.77%	6.29%	-6.57%	-581.04%	-	-162.72%
Operating Cash Flow Growth	160.92%	60.71%	53.15%	141.36%	-28.51%	-6.24%	0.17%	-18.40%	12.56%	-	-53.52%
Free Cash Flow Firm Growth	72.43%	106.55%	135.79%	169.33%	185.51%	570.00%	-22.33%	-98.92%	-28.50%	-	1,266.18%
Invested Capital Growth	8.18%	1.30%	-0.98%	-3.72%	-2.11%	-1.54%	-0.28%	2.24%	-10.43%	-	-27.11%
Revenue Q/Q Growth	-5.71%	2.85%	-8.10%	6.97%	-4.92%	7.54%	-10.58%	7.86%	0.44%	-	151.03%
EBITDA Q/Q Growth	-4.46%	-28.74%	24.23%	21.59%	-1.96%	-0.72%	-16.26%	7.60%	-381.57%	-	-80.62%
EBIT Q/Q Growth	-6.50%	-34.35%	32.96%	27.09%	-1.82%	-1.74%	-19.19%	9.31%	-462.35%	-	-83.47%
NOPAT Q/Q Growth	-5.07%	-23.35%	2.75%	26.72%	-2.28%	-2.60%	-14.26%	15.80%	-413.39%	-	-85.70%
Net Income Q/Q Growth	-7.02%	-29.78%	13.47%	33.30%	-1.07%	-1.63%	-17.77%	14.73%	-584.14%	-	-235.56%
EPS Q/Q Growth	-6.94%	-29.35%	11.97%	33.96%	-0.94%	-1.90%	-18.36%	17.75%	-610.05%	-	-192.17%
Operating Cash Flow Q/Q Growth	253.77%	16.67%	-44.89%	6.11%	4.78%	53.02%	-41.13%	-13.56%	44.54%	-	-65.60%
Free Cash Flow Firm Q/Q Growth	41.52%	110.89%	404.46%	115.72%	-27.88%	-14.63%	-41.52%	-96.99%	4,664.07%	-	141.44%
Invested Capital Q/Q Growth	-1.18%	-1.46%	-0.79%	-0.34%	0.48%	-0.90%	0.49%	2.18%	-11.97%	-	1.22%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.27%	38.35%	37.37%	38.29%	37.70%	38.36%	38.16%	37.97%	36.79%	-	38.48%
EBITDA Margin	21.29%	14.75%	18.72%	21.28%	21.94%	20.25%	18.97%	18.92%	-53.05%	-	19.51%
Operating Margin	17.79%	11.37%	14.79%	17.72%	18.40%	16.76%	15.51%	15.89%	-56.43%	-	15.88%
EBIT Margin	17.89%	11.42%	15.22%	18.09%	18.68%	17.07%	15.42%	15.63%	-56.39%	-	16.48%
Profit (Net Income) Margin	11.08%	7.56%	9.34%	11.64%	12.11%	11.08%	10.19%	10.84%	-52.23%	-	-5.96%
Tax Burden Percent	75.25%	87.77%	75.38%	74.56%	73.81%	73.39%	76.04%	79.67%	88.60%	-	-44.34%
Interest Burden Percent	82.29%	75.46%	81.38%	86.30%	87.85%	88.45%	86.87%	87.02%	104.54%	-	81.59%
Effective Tax Rate	24.75%	12.23%	24.62%	25.44%	26.19%	26.61%	23.96%	20.33%	0.00%	-	24.48%
Return on Invested Capital (ROIC)	10.25%	7.47%	8.15%	9.44%	9.64%	8.85%	8.45%	8.96%	-29.99%	-	8.55%
ROIC Less NNEP Spread (ROIC-NNEP)	9.35%	6.44%	7.43%	8.75%	8.98%	8.21%	7.67%	8.02%	-36.77%	-	-0.93%
Return on Net Nonoperating Assets (RNNOA)	8.37%	5.05%	5.60%	6.16%	5.66%	4.63%	4.04%	4.34%	-20.78%	-	-0.49%
Return on Equity (ROE)	18.62%	12.51%	13.75%	15.59%	15.30%	13.48%	12.50%	13.30%	-50.77%	-	8.06%
Cash Return on Invested Capital (CROIC)	2.44%	7.80%	9.72%	12.29%	10.59%	10.59%	9.40%	6.69%	9.79%	-	40.83%
Operating Return on Assets (OROA)	10.69%	6.69%	8.67%	10.09%	10.23%	9.32%	8.30%	8.36%	-32.28%	-	8.51%
Return on Assets (ROA)	6.62%	4.43%	5.32%	6.49%	6.64%	6.05%	5.48%	5.80%	-29.90%	-	-3.08%
Return on Common Equity (ROCE)	18.62%	12.51%	13.75%	15.59%	15.30%	13.48%	12.50%	13.30%	-50.77%	-	8.06%
Return on Equity Simple (ROE_SIMPLE)	14.79%	0.00%	11.73%	11.31%	10.92%	0.00%	11.64%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	131	101	103	131	128	125	107	124	-388	704	101
NOPAT Margin	13.39%	9.98%	11.15%	13.21%	13.58%	12.30%	11.79%	12.66%	-39.50%	-	11.99%
Net Nonoperating Expense Percent (NNEP)	0.90%	1.03%	0.72%	0.69%	0.66%	0.64%	0.78%	0.94%	6.77%	-	9.49%
Return On Investment Capital (ROIC_SIMPLE)	-	1.77%	-	-	-	2.07%	1.75%	2.06%	-7.75%	14.23%	2.37%
Cost of Revenue to Revenue	61.73%	61.65%	62.63%	61.71%	62.30%	61.64%	61.84%	62.03%	63.21%	-	61.52%
SG&A Expenses to Revenue	20.03%	19.00%	22.23%	20.03%	19.04%	17.60%	22.35%	21.84%	20.73%	-	22.42%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Operating Expenses to Revenue	20.48%	26.98%	22.57%	20.57%	19.30%	21.60%	22.65%	22.08%	93.22%	-	22.60%
Earnings before Interest and Taxes (EBIT)	175	115	141	179	176	173	140	153	-554	837	138
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	209	149	174	211	207	205	172	185	-521	845	164
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.22	2.43	2.60	1.93	2.12	2.02	2.20	2.14	2.29	-	2.62
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Price to Revenue (P/Rev)	1.69	1.95	2.18	1.69	1.97	1.90	2.13	2.02	1.74	-	1.88
Price to Earnings (P/E)	14.99	19.68	22.19	17.04	19.42	17.15	18.87	18.25	0.00	-	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Earnings Yield	6.67%	5.08%	4.51%	5.87%	5.15%	5.83%	5.30%	5.48%	0.00%	-	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.68	1.85	1.99	1.59	1.75	1.69	1.83	1.75	1.79	-	1.99
Enterprise Value to Revenue (EV/Rev)	2.28	2.49	2.70	2.18	2.43	2.34	2.55	2.50	2.22	-	2.35
Enterprise Value to EBITDA (EV/EBITDA)	11.00	13.03	14.44	11.65	12.88	11.36	12.36	12.50	208.65	-	11.29
Enterprise Value to EBIT (EV/EBIT)	13.01	15.74	17.52	14.18	15.63	13.52	14.71	14.98	0.00	-	13.30
Enterprise Value to NOPAT (EV/NOPAT)	16.99	20.54	22.64	18.36	20.42	18.59	20.04	19.90	0.00	-	17.69
Enterprise Value to Operating Cash Flow (EV/OCF)	17.43	16.01	15.78	11.16	13.40	13.18	14.31	14.58	12.71	-	14.02
Enterprise Value to Free Cash Flow (EV/FCFF)	71.83	23.94	20.33	12.70	16.32	15.87	19.45	26.49	17.25	-	4.10
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.83	0.75	0.73	0.70	0.67	0.66	0.64	0.66	0.70	-	0.79
Long-Term Debt to Equity	0.82	0.73	0.72	0.69	0.66	0.65	0.63	0.64	0.69	-	0.77
Financial Leverage	0.89	0.78	0.75	0.70	0.63	0.56	0.53	0.54	0.57	-	0.52
Leverage Ratio	2.43	2.28	2.25	2.18	2.11	2.06	2.04	2.04	2.08	-	2.10
Compound Leverage Factor	2.00	1.72	1.83	1.88	1.86	1.82	1.77	1.77	2.17	-	1.71
Debt to Total Capital	45.46%	42.73%	42.17%	41.27%	40.10%	39.70%	39.00%	39.61%	41.30%	-	44.11%
Short-Term Debt to Total Capital	0.78%	0.79%	0.78%	0.76%	0.73%	0.73%	0.72%	0.73%	0.84%	-	1.04%
Long-Term Debt to Total Capital	44.68%	41.94%	41.39%	40.51%	39.37%	38.97%	38.29%	38.87%	40.46%	-	43.07%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Common Equity to Total Capital	54.54%	57.27%	57.83%	58.73%	59.90%	60.30%	61.00%	60.39%	58.70%	-	55.89%
Debt to EBITDA	3.06	3.14	3.26	3.28	3.29	3.01	3.00	3.09	49.96	-	2.72
Net Debt to EBITDA	2.86	2.82	2.80	2.65	2.46	2.14	2.06	2.42	45.73	-	2.24
Long-Term Debt to EBITDA	3.01	3.08	3.20	3.22	3.23	2.95	2.94	3.03	48.94	-	2.66
Debt to NOPAT	4.73	4.95	5.11	5.17	5.21	4.92	4.86	4.92	-33.42	-	4.26
Net Debt to NOPAT	4.42	4.44	4.39	4.18	3.90	3.50	3.34	3.86	-30.59	-	3.51
Long-Term Debt to NOPAT	4.65	4.86	5.02	5.08	5.12	4.83	4.77	4.83	-32.74	-	4.16
Altman Z-Score	2.71	2.92	3.08	2.78	2.95	2.90	3.01	2.93	2.58	-	3.13
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.27	2.31	2.40	2.50	2.81	2.81	2.72	2.57	2.07	-	1.96
Quick Ratio	0.93	1.05	1.13	1.27	1.50	1.61	1.57	1.34	0.89	-	0.94
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-285	31	157	338	244	208	122	3.66	174	645	1,557
Operating Cash Flow to CapEx	1,027.44%	1,645.98%	1,025.26%	1,367.07%	1,363.61%	1,824.32%	418.40%	583.22%	870.13%	-	826.38%
Free Cash Flow to Firm to Interest Expense	-9.18	1.10	5.97	13.77	11.40	10.42	6.63	0.18	6.94	-	61.10
Operating Cash Flow to Interest Expense	7.05	9.04	5.36	6.09	7.32	11.99	7.69	6.15	7.01	-	2.57
Operating Cash Flow Less CapEx to Interest Expense	6.37	8.49	4.84	5.64	6.78	11.34	5.85	5.09	6.21	-	2.26
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.60	0.59	0.57	0.56	0.55	0.55	0.54	0.53	0.57	-	0.52
Accounts Receivable Turnover	6.62	6.33	6.29	6.16	6.20	6.02	6.16	5.95	6.02	-	5.28
Inventory Turnover	2.43	2.49	2.38	2.42	2.50	2.71	2.62	2.63	2.64	-	2.53
Fixed Asset Turnover	8.80	8.46	8.16	7.91	7.67	7.47	7.28	7.15	7.13	-	6.79
Accounts Payable Turnover	10.39	10.04	9.52	10.26	10.94	11.03	10.28	10.03	10.21	-	9.09
Days Sales Outstanding (DSO)	55.14	57.68	58.04	59.22	58.86	60.65	59.21	61.31	60.61	-	69.10
Days Inventory Outstanding (DIO)	150.33	146.84	153.17	151.05	145.97	134.89	139.38	138.72	138.06	-	144.54
Days Payable Outstanding (DPO)	35.13	36.35	38.33	35.56	33.36	33.09	35.51	36.39	35.75	-	40.13
Cash Conversion Cycle (CCC)	170.34	168.17	172.89	174.71	171.47	162.46	163.08	163.64	162.93	-	173.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,508	5,428	5,385	5,367	5,392	5,344	5,370	5,487	4,830	3,867	3,914
Invested Capital Turnover	0.77	0.75	0.73	0.71	0.71	0.72	0.72	0.71	0.76	-	0.71
Increase / (Decrease) in Invested Capital	417	70	-53	-207	-116	-84	-15	120	-562	59	-1,456
Enterprise Value (EV)	9,274	10,066	10,692	8,537	9,419	9,053	9,832	9,616	8,633	-	7,774
Market Capitalization	6,861	7,889	8,619	6,593	7,620	7,347	8,192	7,752	6,741	-	6,232
Book Value per Share	$57.74	$60.63	$61.71	$63.64	$66.82	$67.64	$69.56	$67.73	$57.96	$55.12	$50.34
Tangible Book Value per Share	($21.13)	($17.34)	($15.50)	($13.03)	($10.50)	($9.12)	($7.83)	($10.92)	($11.01)	($1.68)	($9.84)
Total Capital	5,675	5,675	5,726	5,826	5,998	6,033	6,115	5,998	5,005	4,949	4,249
Total Debt	2,580	2,425	2,415	2,404	2,405	2,395	2,385	2,376	2,067	2,173	1,874
Total Long-Term Debt	2,536	2,380	2,370	2,360	2,361	2,351	2,341	2,332	2,025	2,129	1,830
Net Debt	2,413	2,178	2,074	1,945	1,799	1,706	1,640	1,864	1,892	1,951	1,542
Capital Expenditures (CapEx)	21	16	14	11	11	13	34	21	20	-4.19	7.94
Debt-free, Cash-free Net Working Capital (DFCFNWC)	974	912	885	871	915	855	827	911	885	1,497	676
Debt-free Net Working Capital (DFNWC)	1,141	1,160	1,226	1,331	1,521	1,545	1,572	1,423	1,060	1,719	853
Net Working Capital (NWC)	1,097	1,115	1,181	1,286	1,477	1,501	1,528	1,379	1,018	1,674	809
Net Nonoperating Expense (NNE)	23	24	17	16	14	12	15	18	125	667	151
Net Nonoperating Obligations (NNO)	2,413	2,178	2,074	1,945	1,799	1,706	1,640	1,864	1,892	1,091	1,539
Total Depreciation and Amortization (D&A)	33	34	32	32	31	32	32	32	33	8.14	25
Debt-free, Cash-free Net Working Capital to Revenue	23.99%	22.60%	22.36%	22.30%	23.64%	22.07%	21.45%	23.73%	22.80%	-	20.42%
Debt-free Net Working Capital to Revenue	28.10%	28.73%	30.98%	34.05%	39.30%	39.86%	40.77%	37.04%	27.31%	-	25.77%
Net Working Capital to Revenue	27.01%	27.62%	29.85%	32.92%	38.16%	38.73%	39.64%	35.90%	26.23%	-	24.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.03	$1.42	$1.61	$2.15	$2.12	$2.09	$1.72	$2.01	($10.15)	$1.04	($1.06)
Adjusted Weighted Average Basic Shares Outstanding	53.59M	53.58M	53.65M	53.77M	53.77M	53.74M	53.59M	52.62M	50.52M	51.66M	47.23M
Adjusted Diluted Earnings per Share	$2.01	$1.42	$1.59	$2.13	$2.11	$2.07	$1.69	$1.99	($10.15)	$1.15	($1.06)
Adjusted Weighted Average Diluted Shares Outstanding	54.16M	54.09M	54.39M	54.07M	54.04M	54.21M	54.62M	53.15M	50.52M	52.18M	47.24M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	53.60M	53.60M	53.77M	53.77M	53.79M	53.62M	53.48M	50.68M	50.37M	47.18M	45.21M
Normalized Net Operating Profit after Tax (NOPAT)	135	103	106	135	130	127	109	126	110	700	102
Normalized NOPAT Margin	13.73%	10.19%	11.41%	13.61%	13.78%	12.53%	12.02%	12.85%	11.24%	-	12.13%
Pre Tax Income Margin	14.72%	8.62%	12.39%	15.61%	16.41%	15.09%	13.40%	13.60%	-58.95%	-	13.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.65	4.07	5.37	7.30	8.23	8.66	7.61	7.70	-22.02	-	5.43
NOPAT to Interest Expense	4.22	3.56	3.93	5.33	5.98	6.24	5.82	6.24	-15.43	-	3.95
EBIT Less CapEx to Interest Expense	4.96	3.52	4.85	6.86	7.69	8.00	5.78	6.65	-22.83	-	5.12
NOPAT Less CapEx to Interest Expense	3.54	3.01	3.41	4.89	5.45	5.58	3.98	5.18	-16.23	-	3.64
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Augmented Payout Ratio	21.77%	18.60%	6.16%	4.65%	4.66%	8.09%	13.92%	90.02%	-262.25%	-	-251.24%

Financials Breakdown Chart

Key Financial Trends

MarketBeat analyzed Middleby (NASDAQ:MIDD) quarterly data across the last four years. The picture shows solid profitability and cash generation in many quarters, but also notable volatility, one-off charges, and higher leverage in recent periods. Here are the 10 most important points for retail investors to consider, organized from positive to negative.

In Q4 2025, net income attributable to common shareholders was $36.94 million, with Basic EPS of $1.04 and Diluted EPS of $1.15, signaling a return to quarterly profitability in the latest quarter.
Q4 2025 gross margin was about 52% (Total Gross Profit $173.39M on Revenue $334.59M), a meaningful improvement versus many prior quarters where gross margins were in the mid-30s to low-40s range.
Cash flow from continuing operating activities remained positive in 2025, with Q3 2025 at about $181.0M and Q4 2025 at about $120.5M, underscoring solid cash generation from core operations.
In Q4 2025, the company raised liquidity via a debt issuance of about $1.008 billion, complemented by debt repayments, indicating a refinancing move to support operations and capital needs.
The balance sheet shows a robust equity base, with Total Common Equity around $2.94 billion in mid-2025, reflecting a solid capital structure to support continued operations and potential growth initiatives.
Over the four-year horizon shown, Middleby demonstrated multiple quarters of positive net income and ongoing cash generation from operations, indicating underlying profitability despite episodic volatility in certain quarters.
Revenue shows notable quarterly volatility. For example, Q4 2025 revenue dropped to $334.6 million from roughly $1.04 billion in Q4 2024, suggesting seasonality or one-time effects rather than a consistent trend.
Q3 2025 included a large impairment charge of $709.12 million, a non-cash item that temporarily depressed reported profitability and may obscure ongoing operating performance in that period.
Long-term debt remained substantial (around $2.0–$2.3 billion across recent quarters), contributing to interest expense and leverage considerations for investors.
Cash flow from financing activities was negative in several quarters (for example Q3 2025: −$462.58 million; Q4 2025: −$104.90 million), signaling meaningful financing activity and debt servicing that can impact near-term liquidity and equity value.

05/26/26 03:40 AM ETAI Generated. May Contain Errors.

Middleby Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Middleby's fiscal year ends in January. Their fiscal year 2026 ended on January 3, 2026.

Middleby's net income appears to be on a downward trend, with a most recent value of -$277.73 million in 2025, falling from $191.61 million in 2015. The previous period was $428.43 million in 2024. See where experts think Middleby is headed by visiting Middleby's forecast page.

Middleby's total operating income in 2025 was $574.89 million, based on the following breakdown:

Total Gross Profit: $1.25 billion
Total Operating Expenses: $677.02 million

Over the last 10 years, Middleby's total revenue changed from $1.83 billion in 2015 to $3.20 billion in 2025, a change of 75.3%.

Middleby's total liabilities were at $3.54 billion at the end of 2025, a 2.9% decrease from 2024, and a 122.0% increase since 2015.

In the past 10 years, Middleby's cash and equivalents has ranged from $55.53 million in 2015 to $638.77 million in 2024, and is currently $222.24 million as of their latest financial filing in 2025.

Over the last 10 years, Middleby's book value per share changed from 20.36 in 2015 to 55.12 in 2025, a change of 170.7%.

Related Companies

Financial statements for NASDAQ:MIDD last updated on 5/18/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Middleby (MIDD) Financials

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Middleby (MIDD) Financials

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